Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Owner Benefit over $150 000! Restaurant For Sale In Ormond Bch Ormond Beach, FL 32176

    • Retail properties
    • 3,100 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for Owner Benefit over $150 000! Restaurant For Sale In Ormond Bch

    Year built
    2019
    Property size
    3,100 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This thriving Ormond Beach restaurant, built in 2019, offers a fantastic opportunity for a new owner. Boasting 3,100 square feet of space, this established business generated nearly $1 million in sales in 2023, with an owner benefit exceeding $150,000. The lease, expiring February 1, 2030, includes all CAMs and taxes at a monthly cost of $6,550. The prime location across from the beach in a high-traffic area with ample parking ensures consistent customer flow. The restaurant benefits from a strong local and tourist clientele, situated near hotels, condos, and a major grocery store. The fully equipped kitchen includes all necessary equipment: a hood system, pizza oven, fryers, flat top grill, coolers, freezers, and more. The sale includes tables, chairs, signage, and a complete security camera system. The current owner will provide one week of training, ensuring a smooth transition. This turnkey operation also includes a beer and wine license. Indoor seating accommodates 80 patrons. This is a rare chance to acquire a profitable, established restaurant with significant growth potential in a highly desirable location. The sale is an asset sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0479
    Latitude
    29.2971

    Comparable in this City

    • Value Estimation by Request
      1,995 SF

      236 Riv Bch Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,995 SF
      236 Riv Bch Dr, Ormond Beach, FL 32176-7712
      View Details
    • Value Estimation by Request

      200 Granada Blvd

      Individual retail properties
      200 Granada Blvd, Ormond Beach, FL 32176
      View Details
    • Value Estimation by Request
      101,552 SF

      1278 Ocean Shore Blvd

      Retail properties • 101,552 SF
      1278 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • Value Estimation by Request
      966 SF

      1850 Ocean Shr Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 966 SF
      1850 Ocean Shr Blvd, Ormond Beach, FL 32176-3103
      View Details
    • Value Estimation by Request
      420 SF

      2 John Anderson Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 420 SF
      2 John Anderson Dr, Ormond Beach, FL 32176-5702
      View Details
    • Value Estimation by Request
      1,866 SF

      1190 Ocean Shr Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,866 SF
      1190 Ocean Shr Blvd, Ormond Beach, FL 32176-3730
      View Details

    Similar Nearby for Sale

    • $3,800,000
      4,077 SF

      Ormond Beach Commercial Oceanfront Property

      Updated 4,077 SF restaurant on 0.87-acre corner lot.
      790 S Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • $2,300,000
      4,488 SF

      Ormond Beach Sports Bar & Grill

      Turn-key sports bar and grill with real estate for sale.
      1368 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $250,000
      3,200 SF

      Ocean Shore Blvd Hardware Store

      Established Ormond Beach Business for Sale
      1294 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $115,000
      3,200 SF

      Established Hardware Store Business Opportunity

      Turn-key hardware business serving Ormond Beach peninsula for over 20 years.
      1294 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $795,000
      740 SF

      Ormond Beach Coastal Commercial Property

      Freestanding building with high visibility and income potential.
      1760 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      3,200 SF

      Ormond Beach Convenience Store Space

      3,200 SF open retail space on A1A.
      162 S Atlantic Ave, Ormond Beach, FL 32176
      View Details

    Similar Nearby for Lease

    • $192 SF/Yr
      29,730 SF

      Aliki Plaza: Ormond Beach Office

      Beachfront Office Space Available
      400 Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      101,552 SF

      Ormond Beach Mall Retail Space

      Prime Ormond Beach retail space available.
      1278 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $13 SF/Yr
      1,100 SF

      Oceanfront Ormond Beach Retail Space

      Beachfront retail, 1,100 sq ft, $1260/month.
      1360 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      107,066 SF

      Granada Plaza: Retail Opportunity

      High-traffic retail space for lease.
      201 Granada Blvd, Ormond Beach, FL 32176
      View Details
    • $20 SF/Yr
      5,370 SF

      Prime Retail Space Available

      Retail spaces available in recently renovated Ellinor Village Shopping Center.
      616-620 S Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Granada Boulevard

      Retail space with high visibility and recent facade renovation.
      155-251 E Granada Blvd, Ormond Beach, FL 32176
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Owner Benefit over $150 000! Restaurant For Sale In Ormond Bch
    Ormond Beach, FL 32176
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!